Celsius Network Does it Again: Heads Down for the 9th Straight Day

The Hourly View for Celsius Network

  • At the time of this writing, CEL’s price is up $0.01 (0.97%) from the hour prior.
  • It’s been a feast for bears operating on an hourly timeframe, as Celsius Network has now gone down 8 of the past 10 hours.
  • As for the trend on the hourly timeframe, we see the clearest trend on the 100 hour timeframe.
  • Of note is that the 20 hour changed directions on CEL; it is now pointing down. The moving averages on the hourly timeframe suggest a bearishness in price, as the 20, 50, 100 and 200 are all in a bearish alignment — meaning the shorter duration moving averages are below the longer duration averages, implying a stable downward trend.

Celsius Network’s hourly price chart is shown below.

CEL

The Daily View for Celsius Network

  • At the moment, CEL’s price is down $-0.13 (-13.07%) from the day prior.
  • Celsius Network has seen its price go down 5 out of the past 5 days, thus creating some compelling opportunities for bears.
  • If you’re a trend trader, consider that the strongest clear trend on the daily chart exists on the 20 day timeframe.
  • The moving averages on the daily timeframe suggest a bearishness in price, as the 20, 50, 100 and 200 are all in a bearish alignment — meaning the shorter duration moving averages are below the longer duration averages, implying a stable downward trend.

Below is a daily price chart of Celsius Network.

CEL

The Latest From CEL’s Blockchain

  • Over the past 29 weeks, the trend for CEL’s daily transaction count has been choppy and unclear. It has oscillated between 242 and 6266.
  • CEL’s daily large transaction count now stands at 37.
  • CEL has a count of active addresses of 612, up 1.32% from its value day prior.